Loss for Aixtron in 2005

Editor: Jesper Olsson

Deposition equipment provider Aixtron AG announced a net loss of 53.5 million euros in 2005.

The company reported that sales went down from 140 million in 2004 to 139.4 million euro in 2005. But for the fiscal year 2004 the ccompany made a net profit of 7.7 million euro compared to the net loss in 2005 of 53.5 million.
However Aixtron is expecting to reach break even in 2006 with a revenue grown to reach about 150 million euro.
“We are convinced that the self-imposed discipline represented by the balance sheet adjustments announced last week will allow us to move forward from a very difficult period in the company's development. With a stronger balance sheet and a streamlined organizational structure we are now better able to focus on the future,” Paul Hyland, chief executive officer of Aixtron told EETimes.